News & Videos - MALIBU BOATS INC.

LOUDON, Tenn., April 18, 2024 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (Nasdaq: MBUU) announced today that it will release its third quarter fiscal 2024 financial results on Thursday, May 2, 2024, before the market opens. Following the release, the company’s management will host a conference call to discuss the results at 8:30 a.m. Eastern Time on the same day. The call will be hosted by Malibu’s Chief Executive Officer, Jack Springer, Chief Financial Officer, Bruce Beckman and Executive...

Any and All Boats That Malibu Sold to Tommy’s Boats Were Ordered by Tommy’s Malibu Intends to Vigorously Defend Itself While Minimizing Any Short-Term Impact on Existing Dealer Partners and Customers LOUDON, Tenn., April 11, 2024 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (Nasdaq: MBUU) (“Malibu” or the “Company”) today issued the following statement in connection with a lawsuit filed by Tommy’s Boats (“Tommy’s”) and its related parties in the United States District Court for the...

LOUDON, Tenn., Feb. 27, 2024 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (Nasdaq: MBUU) announced today that Jack Springer, Malibu’s Chief Executive Officer, will participate in a fireside chat at the Raymond James 2024 Institutional Investors Conference at the JW Marriott Grande Lakes in Orlando, Florida. The fireside chat is scheduled for 11:35 a.m. Eastern Time on Tuesday, March 5, 2024. An audio webcast of the presentation will be available by accessing the Malibu Boats Investor website at...

Jack Springer will depart as Chief Executive Officer in May 2024; Ritchie Anderson appointed to President; Michael Hooks appointed to Executive Chair LOUDON, Tenn., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (Nasdaq: MBUU) announced today that Jack Springer will be departing as Chief Executive Officer (“CEO”) on or before May 17, 2024. The Company also announced today that Ritchie Anderson, the Company’s current Chief Operating Officer (“COO”), has been promoted to President,...

LOUDON, Tenn., Jan. 30, 2024 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (Nasdaq: MBUU) today announced its financial results for the second quarter ended December 31, 2023. Second Quarter Fiscal 2024 Highlights Compared to Second Quarter Fiscal 2023 : Net sales decreased 37.7% to $211.1 million Unit volume decreased 43.7% to 1,373 units Gross profit decreased 50.5% to $37.5 million Net income decreased 72.1% to $10.1 million Adjusted EBITDA decreased 60.2% to $22.9 million Net income available to...

LOUDON, Tenn., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (Nasdaq: MBUU) announced today that it will release its second quarter fiscal 2024 financial results on Tuesday, January 30, 2024, before the market opens. Following the release, the company’s management will host a conference call to discuss the results at 8:30 a.m. Eastern Time on the same day. The call will be hosted by Malibu’s Chief Executive Officer, Jack Springer and Chief Financial Officer, Bruce Beckman. Investors...

LOUDON, Tenn., Jan. 04, 2024 (GLOBE NEWSWIRE) -- For 2024, Axis Wake™ introduces the all-new T220-r. At just under 22 feet in length, the T220-r has everything necessary for action-packed days on the water with a 15-person crew. Equipped with many of the core features that have made Axis the fastest-growing watersports towboat brand, the T220-r can produce beginner to advanced wakeboard wakes along with endless surf waves, thanks to Surf Gate®—all for under $89,995*. Axis T220-r...

LOUDON, Tenn., Jan. 04, 2024 (GLOBE NEWSWIRE) -- For 2024, Malibu Boats™, the global leader in watersports towboats, is announcing the release of the all-new 21 LX-r. This 21-foot hull is packed with value and boasts many of Malibu’s signature wake and comfort features at a price point of $99,995*. The new model aligns with both non-watersports-specific and watersports-specific competitors’ offerings while raising the standard of wake and wave performance. 2024 Malibu 21 LX-r...

LOUDON, Tenn., Nov. 09, 2023 (GLOBE NEWSWIRE) -- For 2024, Malibu Boats™, the global leader in watersports towboat sales, is announcing the release of its all-new flagship model, the Malibu M242. Building on the overwhelming success of its predecessor, the M242 takes performance, luxury, style, convenience, and innovation to a whole new level with this ultra-premium wake boat. 2024 Malibu M242 Specifications Length: 24’ 2” / 7.4 M Beam: 102” / 2.6 M Seating Capacity: 17 Weight: 7,300 LBS...

LOUDON, Tenn., Nov. 08, 2023 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (Nasdaq: MBUU) announced today the appointment of Bruce Beckman as Chief Financial Officer, effective November 27, 2023. He will be joining as a member of the executive team and report directly to the Company’s Chief Executive Officer, Jack Springer. Malibu’s Interim Chief Financial Officer, David Black, will transition to the role of Vice President, Finance for Malibu Boats at that time. “I want to welcome Bruce to the...

LOUDON, Tenn., Oct. 31, 2023 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (Nasdaq: MBUU) today announced its financial results for the first quarter ended September 30, 2023. First Quarter Fiscal 2024 Highlights Compared to First Quarter Fiscal 2023 : Net sales decreased 15.3% to $255.8 million Unit volume decreased 24.1% to 1,698 units Gross profit decreased 23.9% to $56.8 million Net income decreased 42.5% to $20.8 million Adjusted EBITDA decreased 31.7% to $39.0 million Net income available to...

LOUDON, Tenn., Oct. 17, 2023 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (Nasdaq: MBUU) announced today that it will release its first quarter fiscal 2024 financial results on Tuesday, October 31, 2023, before the market opens. Following the release, the company’s management will host a conference call to discuss the results at 8:30 a.m. Eastern Time on the same day. The call will be hosted by Malibu’s Chief Executive Officer, Jack Springer and Interim Chief Financial Officer, David Black....

LOUDON, Tenn., Sept. 18, 2023 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (Nasdaq: MBUU) announced today that Jack Springer, Malibu’s Chief Executive Officer, and David Black, Interim Chief Financial Officer, will participate in a fireside chat at the D.A. Davidson 22nd Annual Diversified Industrials & Services Conference at The Four Seasons Hotel in Nashville, Tennessee. The fireside chat is scheduled for 12:45 p.m. Eastern Time on Thursday, September 21, 2023. An audio webcast of the presentation...

LOUDON, Tenn., Sept. 15, 2023 (GLOBE NEWSWIRE) -- For 2024, Axis Wake™ introduces the all-new A245. Completely redesigned from the hull up and sitting at 24.5 feet long, this is the most aggressive Axis ever built and packed with straightforward functionality and the latest Axis innovations, it’s also the most advanced. The A245 is an ingenious combination of scalable performance, all-day comfort, and class-leading technology all wrapped up into a package complete with the signature Axis...

LOUDON, Tenn., Aug. 29, 2023 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (Nasdaq: MBUU) today announced its financial results for the fourth quarter and fiscal year ended June 30, 2023. Fourth Quarter Fiscal 2023 Highlights Compared to Fourth Quarter Fiscal 2022 Net sales increased 5.4% to $372.3 million Unit volume decreased 1.8% to 2,550 units Gross profit increased 14.3% to $102.5 million General and administrative expenses increased to $118.0 million primarily due to our settlement of a...

LOUDON, Tenn., Aug. 15, 2023 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (Nasdaq: MBUU) announced today that it will release its fourth quarter and full-year fiscal 2023 financial results on Tuesday, August 29, 2023, before the market opens. Following the release, the company’s management will host a conference call to discuss the results at 8:30 a.m. Eastern Time on the same day. The call will be hosted by Malibu’s Chief Executive Officer, Jack Springer and Interim Chief Financial Officer, David...

LOUDON, Tenn., July 21, 2023 (GLOBE NEWSWIRE) -- For 2024, Malibu Boats, Inc.™, the global leader in watersports towboat sales, is announcing the release of its all-new Malibu Wakesetter 23 MXZ. When it was first released in 2020, the 23 MXZ revolutionized the pickle-fork bow market with its signature mix of watersports performance, luxury, contemporary style, and smooth handling. For 2024, the 23 MXZ is all-new with innovations and style that are sure to deliver the ultimate on-water...

LOUDON, Tenn., July 21, 2023 (GLOBE NEWSWIRE) -- To celebrate 23 years of the 23 LSV being the world’s best-selling towboat, Malibu Boats, Inc.™ is announcing the release of its all-new Malibu Wakesetter 23 LSV. The 23 LSV owes its market dominance to its unique combination of style, luxury, technology, and performance, all wrapped up in a perfectly sized 23-foot boat. 2024 Malibu Wakesetter 23 LSV Specifications • Length: 23 FT / 7 M • Beam: 102 IN / 2.6 M • Seating Capacity: 16 •...

LOUDON, Tenn., May 30, 2023 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (Nasdaq: MBUU) announced today that Jack Springer, Malibu’s Chief Executive Officer, and David Black, Interim Chief Financial Officer, will participate in a fireside chat at the Baird 2023 Global Consumer, Technology & Services Conference at the InterContinental New York Barclay in New York, New York. The fireside chat is scheduled for 3:10 p.m. Eastern Time on Tuesday, June 6, 2023. An audio webcast of the presentation will be...

LONDON, Tenn., May 03, 2023 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (Nasdaq: MBUU) today announced its financial results for the third quarter ended March 31, 2023. Third Quarter Fiscal 2023 Highlights Compared to Third Quarter Fiscal 2022 : Net sales increased 9.0% to $375.1 million Unit volume increased 2.9% to 2,637 units Gross profit increased 1.5% to $98.6 million Net income decreased 2.5% to $53.5 million Adjusted EBITDA decreased 0.6% to $79.3 million Net income available to Class A Common...